Latest News

A thirst to get qualified at the Propertymark Wales National Conference

18 October 2019

With so much change for agents in Wales in 2019, the delegates at the Propertymark Wales National Conference heard a legislative reminder on anti-money laundering, referral fees and the regulation of the industry. Read More...

London letting agents guilty of money laundering

18 October 2019

Three London agents have received suspended sentences after pleading guilty to fraud following an investigation made by the National Trading Standards eCrime Team. Read More...

Homeowners more than £350k better off than private renters over 30 years

18 October 2019

The average homeowner in the UK could be £352,500 better off than the average private renter over the next 30 years, new research from the Intermediary Mortgage Lenders Association (IMLA) says. Read More...

Scottish Letting Agent Registration figures released

Friday 01 March 2019

The Scottish Government have confirmed 367 agents have had their applications approved and have now been issued with a Letting Agent Registration Number (LARN). This is on a total of only 889 applications received to date.

There are currently another 100 applications in progress and the Scottish Government have requested these agents exhibit the relevant documentation which supports their application.

Over 50 applications have been received from agents who are operating without a client account and the Government are doing everything possible to make sure these agents will have one in place once the time period limit to process an application, the 2 October 2019, arrives.

So far 97 business who have not submitted a registration application have been investigated.  67 of those have been issued with compliance letters and 1 issued with a power to obtain a further information order.

Further action

The Scottish Government are encouraging sector engagement and further information on those that are suspected to be operating as an agent but haven’t applied for registration. Share your information with Daryl McIntosh or direct to the Government Dept. 

Helpful information

Members can download our unique Fact Sheet, that breaks down the legislation and what exactly agents and property managers must do. Log in and download the Fact Sheet.

As an extra help, the ‘Safe Guarding Your Money’ leaflet is available to purchase from our online shop, which you can distribute to your landlords and their tenants.

News article - Scottish letting agents must ensure that they have joined the Register of Letting Agents, or they’ll be breaking the law.